Wednesday, 11 January 2017

Google trends...

Google searches for "Sydney property bubble" correlated quite nicely with the blazing fury that was the Sydney property market of May and June 2015.

Source: Google Trends

Auction clearance rates had soared to nearly 90 per cent in May of that year.

Figures released relating to the June 2015 quarter by the ABS showed that dwelling prices had increased by 18.9 per cent over the preceding year, topping out at an annualised gain of 19.9 per cent in the following quarter.